Stifel lowered the firm’s price target on Roper Technologies (ROP) to $650 from $685 and keeps a Buy rating on the shares following what the analyst says was “a solid Q1 print.” With $5B-plus in M&A liquidity, the firm believes Roper remains well-positioned to acquire unique software assets that should augment the company’s long-term organic growth profile, added the analyst, who trimmed the price target on shares to reflect broader market multiple compression.
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